Rwanda: ASEA summit expected to enhance financial sectors

The African Securities Exchanges Association (ASEA), the association of 25 securities exchanges in Africa; is holding its 20th annual conference in Rwanda aims at enhancing global competitiveness of Member Exchanges and providing a platform for networking and exchange of information.

The Rwandan Prime Minister Anastase Murekezi who honoured the occasion on behalf of His Excellence Paul Kagame, says during its launch that the discussions will help Stock Exchange to deepen financial sector and bring innovative ways to extend its networks.

The conference hosted in Rwanda, expected to help members of ASEA to become more effective and mobilise capital for African businesses.

“It aims to offer opportunity to show how we can create wealth for our economies by integrating regional securities markets,…Our common objective is to ensure that our business entrepreneurs access much needed equity for further growth and job creation,” PM Murekezi said.

The Rwandan Minister of Finance and Economic Planning, Claver Gatete says the small size of African economies and the fragmentation of stock exchanges delay development of Capital Markets which help to rise funds for long term investment.

Established in 1993, ASEA works with African Member Exchanges to unlock potential of the African Capital Markets by enhancing the visibility of ASEA members at the international level with a view to attract capital inflows to African capital markets; and Providing an authoritative information portal on African public markets and aggregated statistics and information on African Exchanges.

It aims at providing a powerful lobbying and advocacy voice for Member Exchanges, promoting market development among Member Exchanges and promoting Capacity Building and Training for Member Exchanges.

This year’s conference was themed “The Road to 2030: Making the African Capital Markets Relevant to the real economy”